Savannah Resources (LON:SAV) Trading Up 1.2% – Should You Buy?

Savannah Resources (LON:SAVGet Free Report)’s share price shot up 1.2% during trading on Monday . The company traded as high as GBX 4.40 ($0.06) and last traded at GBX 4.30 ($0.05). 1,265,860 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 3,877,649 shares. The stock had previously closed at GBX 4.25 ($0.05).

Savannah Resources Price Performance

The firm has a market capitalization of £91.36 million, a P/E ratio of -17.00 and a beta of 1.25. The business has a 50-day moving average of GBX 4.04 and a 200 day moving average of GBX 3.94. The company has a current ratio of 9.15, a quick ratio of 13.42 and a debt-to-equity ratio of 0.17.

Savannah Resources Company Profile

(Get Free Report)

Savannah Resources Plc explores for and develops mineral properties. It holds interests in Mutamba heavy mineral sands project in Mozambique; copper and gold projects in the Sultanate of Oman; and lithium projects located in Somero and Eräjärvi in Finland. Savannah Resources also has a 75% stake in the Mina do Barroso Project in northern Portugal.

Further Reading

Receive News & Ratings for Savannah Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Savannah Resources and related companies with MarketBeat.com's FREE daily email newsletter.